Lawyers charge more for monoline files: Broker
One broker is hoping lenders better streamline their documentation process after a number of law firms began charging clients more to deal with files that come from monolines than their bank counterparts.
B-21's down payment recommendations
Brokers are likely breathing a sigh of relief following OSFI’s release of its B-21 guidelines Monday, with one of the only major changes being the office of the superintendent recommending stricter down payment requirements.
O'Leary's next reality TV venture?
Kevin O’Leary left CBC’s Dragon’s Den. But it begs the question: What other reality show would be a good fit for the polarizing Canadian and former industry player?
OSFI releases B-21 draft
The Office of the Superintendent of Financial Institutions (OSFI) released its Guideline B-21 Residential Mortgage Insurance Underwriting Practices and Procedures Monday, which include “six fundamental principles for sound mortgage insurance underwriting.”
How to prepare for upcoming anti-spam law
A new anti-spam law – that will require express consent of newsletter subscribers – will come into effect July 1, 2014 and brokers who currently disseminate newsletters are scrambling to become compliant. One broker offers his tips.
President of O'Leary Ventures offers explanation
MortgageBrokerNews.ca spoke with the president of O’Leary Ventures who explained the decision behind shutting the doors on O’Leary Mortgages.
'Gritty & gregarious, the fighter': Flaherty remembered
Former Finance Minister Jim Flaherty's unpopular mortgage rule changes have been forgotten -- for now -- as brokers join the chorus of Canadians sharing their condolences following his death Thursday.
Underwriting leaving divorced buyers behind
“The world is changing and underwriting isn’t,” according to one broker; especially when it comes to how lenders treat clients who are in the midst of a divorce.
Updated: Former Finance Minister Jim Flaherty passes away
Former Finance Minister Jim Flaherty passed away Thursday. He died of a heart attack.
O'Leary Mortgages surrenders FSCO license
Less than a year since its official launch, O’Leary Mortgages has surrendered its FSCO license effective March 31.